Posts Tagged ‘bailout’

No End To Barack Obama’s Madness.

Wednesday, March 3rd, 2010

I’m done making videos about fools for right now.

Mash here in 2 places.

Link here to 2nd Mortgage Bailout Fiasco:

http://www.washingtonpost.com/wp-dyn/content/article/2009/04/28/AR2009042801766.html?nav=rss_business

Link here to info on Trabant (not a definitive source, but a good start):

http://en.wikipedia.org/wiki/Trabant

“…All of this is just the tip of the iceberg. My sister-in-law just got her layoff notice today. She works for an aircraft company. We have Biden using Swine Flu to scare people from flying and a few months agao, we had the government villainizing CEO’s for flying their private jets to ask for bailouts. The CEO of Hawker Beechcraft said this negativity by the Obama Administration was hurting their sales. Businessses weren’t buying planes, including those not asking for bailouts, because of the negative attachment in our current political climate given to companies owning a private jet by Obama and members of congress. Obama is also making cuts in defense spending. This hurts sales in the aircraft industry at all levels. Do we see a future for Aerospace like we did for our once mighty auto manufacturers. Will they be forced into bankruptcy because of things our Democrat-controlled government is doing? We will see. Obama has set a dangerous political tone in this country and is exploiting the current economic and unemployment situation to expand government. They have created an atmosphere of fear and derision against business. They are still blaming the previous administration for their failures and exploiting things like Swine Flu for political points as well.

And you know what really takes the cake is this. Do you all remember this mortgage foreclosure prevention plan? This was the plan that was introduced to curtail foreclosures on homes by refinancing with government guarantees Basically, we were bailing out primary mortgages for people that defaulted. Many of these people lived above their means and bought more house than they could afford. Well, Obama’s administration has extended this plan to second mortgages. You know, we were already bailing out banks and auto companies, the government guaranteeing waranties, so it only stands to reason that we’re now bailing out people Jet Ski’s, Cancun Cruises and Botox Injections. So the people that used their house like a credit card get a break that you and I, the responsible will now have to pay for.

He throws his derision towards the tea parties, the state media continues to make vulgar teabagging jokes when referring to you…”

Duration : 0:5:51

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Second Wave Of Mortgage Defaults Part 1

Thursday, February 25th, 2010

Second Wave Of Mortgage Defaults

Duration : 0:6:29

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Rake In $$$ Online…Slash Bad Credit & Mortgages!

Monday, February 15th, 2010

Visit Us Online at:
http://www.cashreservebailout.com
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Duration : 0:3:17

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Loan Modification 2 – Home Mortgage & Real Estate Marketing Nov08- Foreclosure, Servicers & Congress

Wednesday, February 3rd, 2010

Attorney Negotiated Mortgage Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com

Part 2 (Excerpt)

Congressman Barney Frank is calling for the restructure of the loan servicing business

Well, in the past we have talked a lot about loan modifications and since the first time we started talking about loan modifications the whole space has changed. Everything about loan modifications since our very first broadcast talking about it, we don’t talk about it every week, but we do talk about it allot. It has changed so much, when we started anybody who had a significant hardship, or financial hardship, or had one of these toxic mortgages, that had adjusted, would be able to qualify for a loan modification. These things have changed all of a sudden, and not all across the board. Brett you made a comment earlier that people are concerned that once these servicers do these modifications they could be subject to lawsuits right?

Yes, it is amazing how quickly things have changed over the course of the last couple of weeks, it seems this information, and this news is changing almost hour by hour, at this point one of the things that came out regarding this mortgage modification program is from Barney Frank, “Congress should act to restructure the servicing of home mortgages.” So the idea is that they are catching on to something that you and your team at velocity financial were ahead of the curve on in terms of loan modifications.

Knowing that those rules for a hardship and why you are entitled to one have definitely changed. Now it is more of a situation where in order to stop foreclosure, to stop the problems associated with this mass foreclosure market place, modifications are being talked about amongst the banks now. Barney Franks comments today, he stressed how these voluntary inducements to get these private entities to protect homeowners from the government has fallen short, and Hank Paulson has fallen short of putting their weight behind this concept.

Although I personally believe that is the next evolution of this. Loan Modifications are a critical step for people who are feeling this economic crisis, and for people who want to stay in a home, for people who need this type of assistance. The idea is you have a short window of opportunity here before something else significant changes where you may no longer be entitled to.

You heard Citigroup, you know this we talked about it, Citigroup came out and made the announcement that they were going to suspend their pursuit of foreclosures in certain areas of the country that have the highest unemployment rate, that was the caveat. We will see how big the scope of that gets, but the whole idea is for you as a mortgage owner, as a home owner with a mortgage, if you need to establish a modification to an existing loan, in order to have more favorable terms in interest, a more favorable monthly payment, a way to keep that home, you have to look at this option.

Yes, and I appreciate you saying that one of the things that Citigroup announced they were going to be doing was giving people teaser rates of 1%. Look anybody with a brain can realize that that is ludicrous. What got us into this situation in the first place was huge banks, just like that one, giving people toxic mortgages, with fake interest rates, and pick your own payment, do whatever the heck you want to. It is exactly what they are trying to do again.

Essentially what they are talking about is giving people a short window of a very low interest rate, but they are going to be back in the same situation in the future. That’s why the loan modifications that we do, that we hire on your behalf, the national network of attorney’s that we use. We go for the throat, we are not looking to get you a 1% interest rate for the next 12 months. We are looking to get you a lifelong, or for the term of the loan if possible, the very lowest interest rate available, and fix it or extend the term so you can actually sustain that payment well beyond the short term.

One thing I want to point out before we have to go to a break, if you know of anyone out there, that has a GMAC mortgage, whether it be a GMAC first mortgage or second mortgage, you have got to tune in to the second segment you are not going to believe this scam that’s out there, going against people with these loans…

Duration : 0:5:49

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Dial-A-Refinance Home Mortgages does not Work Rep. Waters

Saturday, January 2nd, 2010

January 21, 2009
Maxine Waters deals with the marathon in contacting banks to refinance mortgages.

Duration : 0:7:51

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Second Financial Economic Crash Coming – Huge & Soon

Saturday, December 19th, 2009

http://www.btang.net/

A Bigger Crash Is Coming after the Second Wave/Crash in the mortgage crisis. The solution is: H.E.L.P. – Humanize (Be Humane), Economize (Buy/Use Only What U Need), Localize (Plant Garden/Walk), Produce (Learn Skills)

Duration : 0:9:45

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ROAD TO RUIN: Mortgage Fraud Scandal Brewing

Wednesday, December 16th, 2009

Criminal fraud may be the most underreported aspect of our current financial crisis. In this “Road to Ruin” report, former subprime lenders from Ameriquest, once the country’s largest lender, describe a system rife with fraud. They describe how a “by-any-means-necessary” policy pushed employees to cut corners and falsify documents on bad mortgages and then sell the toxic assets to Wall Street banks eager to make fast profits.

Duration : 0:6:53

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